Cyber security startup Wiz reportedly rejects $23 billion acquisition proposal from Google

Category: Business

Wiz, a New York-based cloud security firm, has rejected a $23 billion acquisition offer from Alphabet, opting to pursue an initial public offering instead. CEO Assaf Rappaport emphasized the company's focus on reaching $1 billion in annual recurring revenue. The decision ends the potential for the largest acquisition in Google's history, amidst ongoing antitrust concerns in the tech industry.

Keywords: Wiz, Alphabet, acquisition

Source: ABC News

Update At: 7/24/2024

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